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The following information is available for a corporation:
January 1st, 2020 Shares outstanding: 1,250,000
April 1, 2020 Shares Issued: 200,000
July 1, 2020 Purchased Treasury Stock 75,000
October 1, 2020 Issued a 2 for 1 stock split
The number of shares to be used in computing earnings per common share for 2020 is
A) 2,737,500
B) 2,825,500
C) 2,725,000
D) 1,706,250
Answer & Explanation
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